El Salvador’s Bitcoin Investment Generates $3.62 Million Profit
El Salvador’s President Nayib Bukele has announced that the country’s Bitcoin investment has not only recovered its initial investment but has also generated a profit of $3.62 million. This announcement comes after facing criticism over supposed losses.
Portfolio Value and Long-Term Strategy
The country’s portfolio is currently valued at $130.8 million, representing an all-time increase of 2.84%. President Bukele emphasized that the objective is not to sell Bitcoin but to remain committed to the long-term strategy.
Critics Challenged
President Bukele called on critics to retract their statements, issue apologies, or acknowledge the country’s newfound profitability. He also invited journalists to report this new reality and stay tuned for updates on El Salvador’s Bitcoin journey.
Bitcoin Mining Pool and Crypto Hub Initiative
Earlier reports revealed that El Salvador was preparing to launch its first Bitcoin mining pool through a partnership between Volcano Energy and Luxor Technologies. This initiative aims to decentralize mining and utilize renewable energy, showcasing the country’s ambition to become a major crypto hub.
Hot Take: El Salvador Profits from Bitcoin Investment
President Nayib Bukele announces that El Salvador’s Bitcoin investment has yielded a $3.62 million profit, recovering its initial investment. The country remains committed to its long-term strategy and challenges critics to acknowledge its newfound profitability. El Salvador’s success in the crypto market highlights its potential as a crypto hub, demonstrated by its upcoming Bitcoin mining pool initiative.
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